Quant fund is concerned about CFTC getting its software code

June 21, 2017

Kevin Dugan & Carleton English

"Renaissance Technologies, the $65 billion hedge fund, is pushing back against federal regulators’ interest in highly-technical trading software out of concern that their source code wouldn’t be secure in the government’s hands, The Post has learned.

The Commodity Futures Trading Commission is interested in digging into the software at so-called “quant” funds, which use highly-secretive algorithms to execute trades."